Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Facebook reportedly laying off thousands of employees

futurism.com

Post reply on HN
Print view View original

81–90 of 403 posts

Re: Facebook reportedly laying off thousands of employees

#81

Post by ohgodplsno »

gamjQZnHT53AMa wrote: post #64
bayraktar wrote: post #58

Earlier quoted context omitted.

It could also mean creating an inhospitable environment for work, like demotion, allocating drudge work, removing responsibilities, etc. Right - it's actually far worse than outright firing or laying off people. As in, genuinely harmful to people from a psychological (and hence physical) point of view. All so the company can save a few dollars, and hit certain quarterly targets a bit sooner. That's why there's a name…

Sounds like you're suggesting to him that he gets himself put on the "managed out" list. I get your point completely, and agree with it to an extent. But if I put myself in that position, what would I do? I'd like to think I'd take the honorable approach you suggested, but I've also got bills to pay, kids to support, plans I want to achieve. Getting myself "managed out" at the expense of all of those things would be…

If you're a manager at Amazon (which is already known for being barely a level above sweat shops in terms of employee treatment), and even more if you're part of their tech (which, if you're posting on HN, you most likely are), you're making so much money that if you can't afford to spend 6 months without a job, you're frankly irresponsible with your cash.

Re: Facebook reportedly laying off thousands of employees

#82

Post by thejosh »

technion wrote: post #73
randomsearch wrote: post #46

Earlier quoted context omitted.

12 000 people out of 58 000 is “not a big deal”? It’s especially a big deal in the context of Facebook’s decline and bleak outlook. They’ve been outcompeted by TikTok, and their bet on VR looks misguided. Facebook look doomed, and this is a big step in that direction.

On that issue I've never seen a LinkedIn message from a Tiktok recruiter, or heard messages about mass hiring. Anyone know if they operating on a much lower staff count?

Isn't tiktok owned by ByteDance, which is a Chinese company (with an ownership percent by the Gov), so they would be hiring in CN? :-)

Re: Facebook reportedly laying off thousands of employees

#83

Post by mhoad »

Jorengarenar wrote: post #70
mhoad wrote: post #60

Earlier quoted context omitted.

And just think all it took was a couple of genocides, breaking society and becoming one of the most despised people in the world.

Genocides?

1. https://www.amnesty.org/en/latest/news/2022/09/myanmar-faceb...

2. https://www.cfr.org/blog/facebooks-content-moderation-failur...

3. https://www.wsj.com/articles/the-facebook-files-11631713039

Re: Facebook reportedly laying off thousands of employees

#85

Post by mupuff1234 »

fny wrote: post #56
randomsearch wrote: post #46

Earlier quoted context omitted.

12 000 people out of 58 000 is “not a big deal”? It’s especially a big deal in the context of Facebook’s decline and bleak outlook. They’ve been outcompeted by TikTok, and their bet on VR looks misguided. Facebook look doomed, and this is a big step in that direction.

They literally went on a hiring binge from 2020-2021, so... in my opinion, yes. Sure there's bleak outlook, but you have no idea how many people I know from different companies who jumped ship from some 2nd-3rd tier co to work for the big five or Zoom-like start up during COVID. Mind you, there was binge hiring even outside of the big five. Many high profile startups increased their workforces by 10-20% in less than…

Sure, but that still doesn't change the fact that this is a big deal.

Re: Facebook reportedly laying off thousands of employees

#87

Post by username_my1 »

martin_a wrote: post #43
username_my1 wrote: post #19

Earlier quoted context omitted.

Meta verse could be the next big thing and the long shot facebook needs. It just happened that out of their control 1. Apple squeezed them out of ads revenue 2. Market went to shit I hate Facebook as a company but I don’t see them making strategic mistakes…. Everyone is getting fired everywhere

> Metaverse could be the next big thing and the long shot facebook needs. I'm skeptical. With all their money and knowledge and whatnot, they've only managed to create something that looks like a dated console party game but not more. I don't see how that's the future. Furthermore, do they expect everyone to buy a... say... $400 headset to use the Metaverse? The low entry barrier was probably one of the biggest reaso…

have you ever heard of the concept of iterations? do you remember how the first mobile phone looked like? do you remember how the first computer looked like? first laptop ? first electric car ?

that's the point of R&D and long shot, if it was possible already it's not a long shot :/

Re: Facebook reportedly laying off thousands of employees

#88

Post by bagels »

paxys wrote: post #67

Firing low performers isn't a layoff. Several major companies like Amazon do this every 6-12 months, and it doesn't exactly make the news. While 15% might be extreme (and there's no reason to believe that will be the actual number) I don't think anyone can argue that Facebook has a LOT of fat that they can trim without material impact to any of their projects. Same goes for every other large company (Google for examp…

It is when the performance definition changes. They are playing games to avoid the layoff label for political (ongoing perm lawsuit) and financial reasons (stock market signals and warn act)

Re: Facebook reportedly laying off thousands of employees

#89

Post by eru »

camillomiller wrote: post #74
Jorengarenar wrote: post #70

Earlier quoted context omitted.

Genocides?

Yes genocides. Facebook played a pivotal role in the Rohingya genocide in Myanmar. They even admitted to that, but nobody gives a flying f.

Snail mail played a vital role in the administrations of Nazi Germany and Soviet Russia. Is that different or comparable?

Re: Facebook reportedly laying off thousands of employees

#90

Post by mschuster91 »

pavlov wrote: post #9
jstx1 wrote: post #8

Earlier quoted context omitted.

> The market could only sustain $150,000 a year salaries for grads fresh out of college for so long before someone somewhere along the way ran out of money. It seems a bit arbirtrary to pick high salaries as the reason for it. And to not blame spending billions on unprofitable projects like the metaverse, or having their profits affected by Apple's restrictions on tracking, or the steady decline in user experience. o…

Hiring graduates at $200k is a major part of where the money goes when you’re spending billions on unprofitable software projects.

I'd wager that astronomical housing costs are the biggest factor in these absurd salaries, followed by healthcare.

In the end it's a circle of money, from investors to mega-companies to their employees to their landlords which are again part of the investor class. Healthcare is just the same.

Post reply on HN